LYNNWOOD FOOD BANK

EIN: 841642388 501(c)(3) Food, Agriculture & Nutrition

Lynnwood, WA

Total Revenue
$6,325,051
Total Expenses
$6,085,088
Total Assets
$1,481,072
Net Assets
$1,481,072
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WA
Principal Officer
Matthew Appel
Phone
4257451635
Tax Period
2022-07-01 to 2023-06-30

LYNNWOOD FOOD BANK, founded in 2004, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.3M in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $6.1M left a modest 4% surplus.

Mission

Distribute food to those in need in the greater Lynnwood area.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $6,319,412
Program Service Revenue $0
Investment Income $5,639
Other Revenue $0
TOTAL REVENUE $6,325,051

Expense Breakdown

Grants Paid $5,823,525
Salaries & Benefits $166,339
Fundraising Expenses $0
Program Expenses $6,085,088
Other Expenses $95,224
TOTAL EXPENSES $6,085,088

Year-over-Year Comparison

2022 2021 Change
Revenue $6,325,051 $3,660,471 +0.7%
Expenses $6,085,088 $3,966,782 +0.5%
Net Income $239,963 $-306,311 -1.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
175

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$61,600
Total Directors
7
$61,600
Key Employees
1
$61,600
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alissa Jones Administrative Director 50
Officer Director Key Emp Highest
$0 $61,600 $61,600
Lynn Hinnenkamp Director, Secretary of Board of Directors 1
Director
$0 $0 $0
Matthew Appel Director, Treasurer 5
Director
$0 $0 $0
Mike Miller Director, President of Board of Directors 10
Director
$0 $0 $0
Deborah Kilgore Director 2
Director
$0 $0 $0
Kieth Sessions Director 2
Director
$0 $0 $0
Julieta Crosby Director 2
Director
$0 $0 $0
Brent Hudson Director 1
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $6,325,051 $6,085,088 $1,481,072 $239,963
2022 $3,660,471 $3,966,782 $1,243,391 $-306,311
2021 $3,976,420 $3,683,347 $1,188,066 $293,073
2020 $2,547,720 $2,487,224 $894,993 $60,496
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